Stina Announces Drill Program at Bisoni McKay and Bisoni-Rio, Nevada
| Date: Dec 05, 2017 |
| Stina Resources Ltd. (CSE: SQA) (OTCQB: STNUF) (FSE: 01X) (“Stina” or the “Company”) is pleased to announce that a comprehensive drilling and exploration program will commence in early spring 2018 on the Bisoni McKay and Bisoni-Rio properties in Nevada based on the successful and extensive work program completed in 2017.
Stina holds a total of 4,115 acres at Bisoni McKay and Bisoni-Rio. The Bisoni McKay project has an NI 43-101 with Indicated Resources amounting to 11,879,590 tons at an average grade of 0.39% V2O5 and Inferred Resources estimated at 7,048,056 tons at an average grade of 0.42% V2O5. These estimates are calculated using a 0.2% V2O5 mineralized cutoff. Stina’s motivation for developing vanadium land assets in central Nevada stems from a growing world-wide interest in vanadium. Vanadium has been primarily used for steel production but now new uses such as an electricity storage media in vanadium redox flow batteries is accelerating demand for the metal. This trend is anticipated to continue as grid-scale energy storage becomes more and more prevalent as the new technology is adopted. The US Department of Energy reports that there are currently 59 vanadium redox battery installations throughout the world. The Vanadium Belt of Central Nevada is host to an important concentration of single-product vanadium deposits in North America. Stina’s Bisoni McKay property is a high-grade, pure play vanadium project located in the Vanadium Belt of Central Nevada. Past exploration drilling reveals the occurrence of high grade V2O5 in the primary (carbonaceous shale) mineralized material which contains the largest vanadium resource on the property. Several drill holes completed in primary mineralization suggests the deposit is open at depth in some areas. A supergene enrichment zone of up to 35 feet in width has been identified immediately below the Redox zone. |
